Reported Earnings • May 29
First quarter 2026 earnings released: EPS: €0.07 (vs €0.04 in 1Q 2025) First quarter 2026 results: EPS: €0.07 (up from €0.04 in 1Q 2025). Revenue: €4.19m (up 1.0% from 1Q 2025). Net income: €21.5m (up 57% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • May 06
Dividend increased to €0.083 Dividend of €0.083 is 196% higher than last year. Ex-date: 12th May 2026 Payment date: 14th May 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (370% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.9% EPS decline seen over the last 5 years. Announcement • May 05
Sonaecom, SGPS, S.A. announces Annual dividend, payable on May 14, 2026 Sonaecom, SGPS, S.A. announced Annual dividend of EUR 0.0830 per share payable on May 14, 2026, ex-date on May 12, 2026 and record date on May 13, 2026. Announcement • Mar 30
Sonaecom, SGPS, S.A., Annual General Meeting, Apr 30, 2026 Sonaecom, SGPS, S.A., Annual General Meeting, Apr 30, 2026. Location: lugar do espido via norte, maia Portugal Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: €0.17 (vs €0.057 in FY 2024) Full year 2025 results: EPS: €0.17 (up from €0.057 in FY 2024). Revenue: €19.4m (up 2.7% from FY 2024). Net income: €51.6m (up 198% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Dec 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to €2.94. The fair value is estimated to be €3.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 66%. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: €0.081 (vs €0.04 in 3Q 2024) Third quarter 2025 results: EPS: €0.081 (up from €0.04 in 3Q 2024). Revenue: €5.41m (up 28% from 3Q 2024). Net income: €24.1m (up 94% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Sep 24
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). New Risk • Sep 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. New Risk • May 22
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Upcoming Dividend • May 13
Upcoming dividend of €0.028 per share Eligible shareholders must have bought the stock before 20 May 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Portuguese dividend payers (5.5%). Lower than average of industry peers (4.4%). Announcement • Apr 09
Sonaecom, SGPS, S.A., Annual General Meeting, May 08, 2025 Sonaecom, SGPS, S.A., Annual General Meeting, May 08, 2025. Location: lugar do espido via norte, maia Portugal New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Large one-off items impacting financial results. New Risk • Dec 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 29
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €5.30m (down 2.3% from 2Q 2023). Net income: €23.7m (up 165% from 2Q 2023). Reported Earnings • May 20
First quarter 2024 earnings released: EPS: €0.083 (vs €0.02 in 1Q 2023) First quarter 2024 results: EPS: €0.083 (up from €0.02 in 1Q 2023). Revenue: €3.90m (down 27% from 1Q 2023). Net income: €25.5m (up 391% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • May 07
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 16 May 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Portuguese dividend payers (5.7%). Lower than average of industry peers (8.3%). New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (241% net profit margin). Reported Earnings • Mar 11
Full year 2023 earnings released Full year 2023 results: Revenue: €18.2m (down 5.1% from FY 2022). Net income: €43.8m (down 46% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Nov 05
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €4.20m (down 13% from 3Q 2022). Net income: €20.8m (down 43% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (220% net profit margin). New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (220% net profit margin). Reported Earnings • Sep 11
Second quarter 2023 earnings released: EPS: €0.029 (vs €0.093 in 2Q 2022) Second quarter 2023 results: EPS: €0.029 (down from €0.093 in 2Q 2022). Revenue: €5.43m (up 1.5% from 2Q 2022). Net income: €8.96m (down 68% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Jul 23
Second quarter 2023 earnings released: EPS: €0.029 (vs €0.094 in 2Q 2022) Second quarter 2023 results: EPS: €0.029 (down from €0.094 in 2Q 2022). Revenue: €5.30m (up 6.0% from 2Q 2022). Net income: €9.00m (down 68% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: €0.017 (vs €0.07 in 1Q 2022) First quarter 2023 results: EPS: €0.017 (down from €0.07 in 1Q 2022). Revenue: €4.00m (down 78% from 1Q 2022). Net income: €5.20m (down 75% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: €0.26 (vs €0.39 in FY 2021) Full year 2022 results: EPS: €0.26 (down from €0.39 in FY 2021). Revenue: €19.2m (down 2.1% from FY 2021). Net income: €80.8m (down 32% from FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 21% share price gain to €2.47, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Wireless Telecom industry in Europe. Total returns to shareholders of 44% over the past three years. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: €0.11 (vs €0.075 in 3Q 2021) Third quarter 2022 results: EPS: €0.11 (up from €0.075 in 3Q 2021). Revenue: €4.35m (up 5.2% from 3Q 2021). Net income: €36.2m (up 54% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Cristina Maria de Freitas Novais was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €4.30m (down 78% from 3Q 2021). Net income: €36.5m (up 62% from 3Q 2021). Reported Earnings • Jul 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €5.00m (down 74% from 2Q 2021). Net income: €28.5m (down 3.7% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 17
Upcoming dividend of €0.19 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 9.2%. Within top quartile of Portuguese dividend payers (5.8%). Higher than average of industry peers (6.7%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Cristina Maria de Freitas Novais was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €78.9m (down 40% from FY 2020). Net income: €120.8m (up 101% from FY 2020). Revenue exceeded analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Sonaecom, S.G.P.S., S.A. to Report Q1, 2022 Results on May 09, 2022 Sonaecom, S.G.P.S., S.A. announced that they will report Q1, 2022 results on May 09, 2022 Reported Earnings • Jul 28
Second quarter 2021 earnings released Second quarter 2021 results: Revenue: €19.5m (down 51% from 2Q 2020). Net income: €29.6m (up 215% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 12
Upcoming dividend of €0.097 per share Eligible shareholders must have bought the stock before 19 May 2021. Payment date: 21 May 2021. Trailing yield: 5.9%. Within top quartile of Portuguese dividend payers (5.9%). Higher than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 18% share price gain to €1.74, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 17x in the Wireless Telecom industry in Europe. Total loss to shareholders of 10.0% over the past three years. Reported Earnings • Mar 19
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €132.2m (flat on FY 2019). Net income: €60.1m (up 53% from FY 2019). Profit margin: 46% (up from 29% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 05
Sonaecom, SGPS, S.A. to Report Q1, 2021 Results on May 12, 2021 Sonaecom, SGPS, S.A. announced that they will report Q1, 2021 results on May 12, 2021 Is New 90 Day High Low • Jan 21
New 90-day low: €1.37 The company is down 13% from its price of €1.57 on 23 October 2020. The Portuguese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: €1.42 The company is down 18% from its price of €1.74 on 17 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: €1.47 The company is down 13% from its price of €1.69 on 12 August 2020. The Portuguese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: €1.53 The company is down 7.0% from its price of €1.65 on 29 July 2020. The Portuguese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is down 8.0% over the same period. Announcement • Aug 26
Sonaecom, SGPS, S.A. (ENXTLS:SNC) acquired 7.4% stake in NOS, S.G.P.S., S.A. from BPI Gestão de Activos - Gestão de Fundos de Investimento Mobiliários, S.A. Sonaecom, SGPS, S.A. (ENXTLS:SNC) acquired 7.4% stake in NOS, S.G.P.S., S.A. from BPI Gestão de Activos - Gestão de Fundos de Investimento Mobiliários, S.A. on August 24, 2020. Sonaecom, SGPS, S.A. acquired 38 million shares of NOS, S.G.P.S., S.A.
Sonaecom, SGPS, S.A. (ENXTLS:SNC) completed the acquisition of 7.4% stake in NOS, S.G.P.S., S.A. from BPI Gestão de Activos - Gestão de Fundos de Investimento Mobiliários, S.A. on August 24, 2020.